BillTrack50 logo
Free Signup Login
Bill

Bill > SB76

MD SB76

MD SB76
Income Tax – Subtraction Modification – Public Safety Volunteers

summary

Introduced
01/11/2023
In Committee
01/11/2023
Crossed Over
Passed
Dead
04/10/2023

Introduced Session

2023 Regular Session

Bill Summary

AN ACT concerning Income Tax - Subtraction Modification - Public Safety Volunteers FOR the purpose of increasing a subtraction modification under the Maryland income tax for an individual who is a qualifying public safety volunteer; and generally relating to a subtraction modification under the Maryland income tax for an individual who is a qualifying public safety volunteer. BY repealing and reenacting, without amendments, Article - Tax - General Section 10-208(a) Annotated Code of Maryland (2022 Replacement Volume) BY repealing and reenacting, with amendments, Article - Tax - General Section 10-208(i-1) Annotated Code of Maryland (2022 Replacement Volume) BY repealing Article - Tax - General Section 10-208(l) Annotated Code of Maryland (2022 Replacement Volume)

AI Summary

This bill increases the subtraction modification under the Maryland income tax for an individual who is a qualifying public safety volunteer. The bill defines a "public safety organization" to include various Maryland police, fire, rescue, and emergency medical services organizations, as well as the United States Coast Guard Auxiliary, the Maryland Defense Force, and the Maryland Civil Air Patrol. To qualify, an individual must be an active member of a public safety organization, serve in a volunteer capacity without compensation, and meet certain active status requirements. The bill increases the subtraction amount from $7,000 to $10,000 for taxable years beginning after December 31, 2023.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Senate Budget and Taxation Hearing (13:00:00 1/19/2023 ) (on 01/19/2023)

Taxonomy

Law, Crime, and Family Issues
  • ‐ Police, Fire, and Law Enforcement
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform
(1 Companion Bills)

bill text

bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location Created
State Bill Page https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0076?ys=2023RS 01/10/2023
BillText https://mgaleg.maryland.gov/2023RS/bills/sb/sb0076f.pdf 01/10/2023
Loading...